Bitcoin falls 5% against Brazilian real after Flávio Bolsonaro wins first round
- —BTC/BRL fell 5% in 24 hours to 427,000 reais
- —Flávio Bolsonaro won 47.03% vs Lula's 45.16% in first round
- —The real strengthened from 5.22 to 4.93 per dollar; Ibovespa topped 208,000
- —Polymarket gives Bolsonaro 82% odds for the Oct. 25 runoff
Why it matters: The BTC/BRL move reflects a stronger real rather than bitcoin weakness; the Oct. 25 runoff could add further volatility to Brazilian crypto markets.
Source: Livecoins